https://www.taxtmi.com/caselaws?id=126946 The Company Law Board found that the respondents' actions in increasing the authorized share capital and allotting shares without proper notice amounted to oppression and mismanagement. The respondents were directed to sell their shares to the petitioner, with the petitioner paying compensation to the respondents. The CLB's order was upheld, with modifications regarding the refund to the second respondent. The process was to be completed within seven months from the date of the order, and all interim applications were dismissed. en-us Wed, 28 Jul 2010 00:00:00 +0530 Tue, 30 Sep 2014 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126946 The Company Law Board found that the respondents' actions in increasing the authorized share capital and allotting shares without proper notice amounted to oppression and mismanagement. The respondents were directed to sell their shares to the petitioner, with the petitioner paying compensation to the respondents. The CLB's order was upheld, with modifications regarding the refund to the second respondent. The process was to be completed within seven months from the date of the order, and all interim applications were dismissed. Case-Laws Companies Law Wed, 28 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126946